$595,000

1500 Mcmillan Rd, Owosso, MI 48867
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The property is a commercial building delivered in a whitebox condition for tenant use, with radiant ceiling heating and approximately 6 inches of insulation. It includes a parking area that had been resurfaced and is positioned adjacent to and backing up to city-owned property. The building is configured and permitted for use as a cannabis grow and/or processing facility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?

$9k

Tax billed · 2024

Assessed value$147k

Effective rate6.43%

Value estimate

· Oct 2026

$455k

$410k – $501k

NOI build-up

Gross scheduled income$54k

Vacancy & credit loss−$2k

Operating expenses−$16k

NOI · 6.12% cap applied$36k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

6.12%

$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSHIAWASSEE

Location intelligence

Which uses thrive at this corner?

Best fit: Restaurant

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Restaurant15.8

Building Supply15.1

Wholesale Shop13.9

1500 Mcmillan Rd Owosso, MI 48867

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby

Address Sale price Sold Size

603 Washington, Owosso, MI 48867-3527 $210,000 Mar 2024 No data

780 Mcmillan, Owosso, MI 48867-9776 $275,000 Mar 2024 No data

1700 Cornell, Owosso, MI 48867-9789 $250,000 Feb 2023 3,200 SF

500 Smith, Owosso, MI 48867-3639 $80,000 May 2022 No data

1460 Oliver, Owosso, MI 48867 $105,000 May 2021 No data

1420 Hathaway, Owosso, MI 48867-2158 $700,000 May 2021 No data

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

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